Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(ELGIRUBCO_BE) Elgi Rubber complete technical analysis [charts+indicators] | Buy/Sell Elgi Rubber | (ELGIRUBCO_BE) share price targets

Complete technical analysis of Elgi Rubber (ELGIRUBCO_BE) by charts plus indicators, forecast predictions and share price targets for Elgi Rubber (ELGIRUBCO_BE)

Showing technical analysis as on 2024-01-05 View latest technical analysis

10 day averaged volume of Elgi Rubber is 25559

Date	Daily Closing Price	Open	High	Low	Volume
05 Fri Jan 2024	58.20	58.20	58.20	58.20	0.961 times
04 Thu Jan 2024	57.10	56.00	57.10	56.00	1.535 times
03 Wed Jan 2024	56.00	55.90	56.05	55.90	0.794 times
02 Tue Jan 2024	55.60	55.60	55.65	55.60	1.314 times
01 Mon Jan 2024	56.70	56.70	56.70	56.70	1.305 times
29 Fri Dec 2023	57.85	57.85	57.85	57.85	1.163 times
28 Thu Dec 2023	59.00	59.25	59.25	58.15	1.015 times
27 Wed Dec 2023	59.30	61.45	61.45	59.25	0.962 times
26 Tue Dec 2023	60.25	58.05	60.25	58.00	1.136 times
22 Fri Dec 2023	59.10	59.10	59.10	59.10	0.411 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 57.4 as stoploss in an intra day buy trade for a target of 61.24. However, stock will show a bearish move below 57.4.

Share price targets for Elgi Rubber (ELGIRUBCO_BE)

Target Type	Value
Downside Target	45.40
Downside Target	48.50
Downside Target	50.10
Downside Target	54.40
Downside Target	57.85
Upside Target	60.75
Upside Target	61.45
Upside Target	64.55
Upside Target	65.00
Upside Target	65.20
Upside Target	68.45

Intraday share price targets for Elgi Rubber (ELGIRUBCO_BE)

Target Type	Value
Downside Intraday Target	56.47
Downside Intraday Target	54.73
Upside Intraday Target	59.07
Upside Intraday Target	59.93
Downside Intraday Target	57.33

Weekly technical analysis of Elgi Rubber (ELGIRUBCO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Fri Jan 2024	58.20	56.70	58.20	55.60	1.382 times
29 Fri Dec 2023	57.85	58.05	61.45	57.85	0.779 times
22 Fri Dec 2023	59.10	65.00	65.00	59.10	0.376 times
15 Fri Dec 2023	65.30	68.45	68.45	64.55	0.836 times
08 Fri Dec 2023	65.20	55.80	65.20	54.40	1.839 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Elgi Rubber (ELGIRUBCO_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
05 Fri Jan 2024	58.20	56.70	58.20	55.60	0.138 times
29 Fri Dec 2023	57.85	56.70	68.45	54.40	0.995 times
30 Thu Nov 2023	55.70	50.40	60.75	48.50	1.432 times
31 Tue Oct 2023	49.10	52.45	55.00	45.40	2.579 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Elgi Rubber (ELGIRUBCO_BE)

Price action analysis of Elgi Rubber ( (ELGIRUBCO_BE) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Elgi Rubber ( (ELGIRUBCO_BE) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Elgi Rubber ( (ELGIRUBCO_BE) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Elgi Rubber ( (ELGIRUBCO_BE) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Elgi Rubber stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Elgi Rubber in short term but the sell signal is initial and weak.

Elgi Rubber Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up

CCI has generated a buy signal for Elgi Rubber in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Elgi Rubber is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 57.76 and Elgi Rubber (ELGIRUBCO_BE) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is falling down

People seem to be coming out and selling the Elgi Rubber (ELGIRUBCO_BE) stock. Volume based technical analysis of Elgi Rubber (ELGIRUBCO_BE) stock is negative.

Elgi Rubber Stock has given negative returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.